Stobart Group reported an increase in turnover and profit in its transport and distribution unit in its final year as a fully-owned division of the business. In March Stobart Group sold a 51% stake in transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move saw William Stobart become chief executive the business now called Eddie Stobart Logistics. In the financial year ending 28 February 2014 discontinued operations at Stobart Group (which includes […]
Turnover at UK Mail Group is ahead of expectations as its parcels business continues to post double-digit growth in the B2C sector.
Wincanton has said it doesn’t expect to be affected by the dispute between union Unite and Argos over the proposed transfer of almost 100 drivers despite managing the majority of the retailer’s transport operation.
Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]